Bloomberg reported that Rio Tinto’s (NYSE:RIO) Jean-Sebastien Jacques has said that coal will continue to play an important part in the global energy mix, even 50 years into the future.
As quoted in the publication:
“Even if you take a 50-year perspective, thermal coal will continue to play a very important role in the energy equation,” Jean-Sebastien Jacques said Thursday at the Bloomberg Address in Sydney. Demand from countries including India will ensure that coal continues to be used in power plants, he said.
Investors, policy makers and producers are weighing the future of coal operations and projects, including the prospect that undeveloped deposits, along with untapped reserves of oil and gas, may become stranded assets as nations take steps to reduce their greenhouse-gas emissions.